Total Return Securities Fund (SWZ) director adds 1,000 shares in open-market buy

Rhea-AI Filing Summary

Total Return Securities Fund director BUY SELL MORITZ A made an open-market purchase of 1,000 shares of Common Stock at $6.01 per share. After this trade, the director directly owns 12,000 shares of the fund. The reported ownership total includes shares that were acquired through the issuer's dividend reinvestment plan.

Insider Trade Summary

Net Buyer: 1,000 shares ($6,010)

Net Buy 1 txn

Insider SELL MORITZ A

Role null

Bought 1,000 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,000	$6.01	$6K

Holdings After Transaction: Common Stock — 12,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 1,000 shares Purchase price: $6.01 per share Shares owned after transaction: 12,000 shares

3 metrics

Shares purchased 1,000 shares Open-market purchase of Common Stock

Purchase price $6.01 per share Price paid on May 29, 2026

Shares owned after transaction 12,000 shares Direct ownership following the purchase

Key Terms

open-market purchase, dividend reinvestment plan, Common Stock, Form 4

4 terms

open-market purchase financial

"made an open-market purchase of 1,000 shares of Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

dividend reinvestment plan financial

"includes shares acquired through the Issuer's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Common Stock financial

"open-market purchase of 1,000 shares of Common Stock at $6.01"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"according to the Form 4 filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SELL MORITZ A

(Last) (First) (Middle)

C/O ULTIMUS FUND SOLUTIONS

225 PICTORIA DR., SUITE 450

(Street)

CINCINNATI OHIO 45246

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Total Return Securities Fund [ SWZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		P		1,000	A	$6.01	12,000(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.

	/s/ Stephanie Darling, as Power of Attorney	06/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Total Return Securities Fund (SWZ) report?

Total Return Securities Fund (SWZ) reported that director SELL MORITZ A bought 1,000 Common Stock shares in an open-market purchase at $6.01 per share, increasing direct ownership to 12,000 shares including those from the dividend reinvestment plan.

How many Total Return Securities Fund (SWZ) shares did the director buy?

Director SELL MORITZ A bought 1,000 shares of Total Return Securities Fund (SWZ) Common Stock. The shares were acquired in an open-market purchase on May 29, 2026, at a price of $6.01 per share according to the Form 4 filing.

What is SELL MORITZ A’s total SWZ shareholding after this transaction?

After the transaction, SELL MORITZ A directly owns 12,000 shares of Total Return Securities Fund (SWZ) Common Stock. This total includes shares previously acquired through the fund’s dividend reinvestment plan, as disclosed in the Form 4 footnote.

Was the SWZ insider transaction a purchase or a sale?

The SWZ insider transaction was a purchase. Director SELL MORITZ A executed an open-market buy of 1,000 Common Stock shares at $6.01 each, classified with transaction code “P” for a purchase in the Form 4 filing.

Does the Total Return Securities Fund (SWZ) filing mention a dividend reinvestment plan?

Yes. A footnote explains that the reported ownership amount includes shares acquired through Total Return Securities Fund’s dividend reinvestment plan, indicating part of SELL MORITZ A’s 12,000-share position came via automatic reinvestment of dividends.